Five-year results at a glance Year end - July
	2003	2002	2001	2000	1999
	$ millions	$ millions	$ millions	$ millions	$ millions
Turnover	11 038	2 954	994	647	407
Operating profit	4 058	759	118	73	36
Net profit	2 930	538	104	58	26

Latest results
The Insider - December 2003/January 2004 Truworths profit up 445 % Clothing retail group Truworths saw its sales for the year ending 6 July increase by 274 percent while net profit surged by 445 percent. It says inflation for clothing and footwear averaged 252 percent during the period. The number of units sold during the year improved by 5 percent. Top performer was the cash chain, Number 1 Stories whose turnover increased by 339 percent. Topics was second with an increase of 266 percent while Truworths's sales improved by 262 percent. The second half contributed 62 percent of the total turnover with sales for Number 1 improving by 460 percent up from 223 percent in the first half. Topics improved from 216 percent in the first half to 304 percent in the second while Truworths rose from 211 percent to 303 percent. Total group sales improved by 274 percent for the year, having risen from 214 percent in the first half to 320 percent in the second. In monetary terms sales rose from nearly $3 billion last year to $11 billion with operating profit increasing from $759.3 million to $4.1 billion. Net profit shot up from $537.7 million to $2.9 billion. The company says its manufacturing arm, Bravette, operated at full capacity during the entire period. It says the first eight weeks of the new year had been very encouraging. It had enough fabrics in stock to meet demands for the traditionally busy festive period. © Insider Publications 2003. This story is available for syndication. Contact the publisher at insider@ecoweb.co.zw or charlesrukuni@yahoo.com
The Insider - April 2003 Truworths' profit soars by 397 percent Though its operations are much smaller, retail chain Truworths saw its sales increase by 214 percent and net profit by 397 percent during the year ended January 5. Sales increased from $1.3 billion to $4.1 billion while net profit shot up from $225.2 million to $1.1 billion. Truworths achieved a growth of 211 percent, but volumes were down on the previous year. Cash sales grew by 190 percent. Topics' sales grew by 216 percent and was the largest contributor to sales and profit for the group. Cash sales grew by 338 percent. The cash-chain, Number 1's sales grew by 223 percent. It had a slow start but sales increased significantly after the implementation of in-house manufacture of ladies outerwear. The company says trading for January and February 2003 was satisfactory. The company should report satisfactory earnings for the remainder of the year if the momentum is sustained. © Insider Publications 2003. This story is available for syndication. Contact the publisher at insider@ecoweb.co.zw or charlesrukuni@yahoo.com